News Archive
23 January 2009
New Media Age
Online DVD and games rental service LoveFilm has announced it has achieved over 1m subscribers and received £10.5m of debt funding.Lovefilm became profitable last year having achieved revenue growth of around 50%. It has secured the funds from Lloyds TSB, which it plans to invest in new on-demand technology as well as repay existing debt..
19 January 2009
Press Release
CANNES (Jan. 19, 2009)—National Geographic Entertainment has entered into anexclusive relationship between its music division Nat Geo Music (www.natgeomusic.net) andleading independent global music publisher Kobalt Music Group. Kobalt will globally represent NatGeo Music’s catalog and provide full-service music publishing administration..
19 January 2009
MusicWeek
Paul Williams
Kobalt Music Group has secured an exclusive agreement with National Geographic Entertainment to represent and administer its catalogue globally.The deal covers National Geographic’s music library of more than 16,000 original music cues and includes its theme song.National Geographic Entertainment president David Beal says, “We think tha..
14 January 2009
Venture Beat
In a sign that the Internet is becoming a key magnet for major brands, American Idol is teaming up with Habbo the world’s biggest online world for teens.FremantleMedia Enterprises, which is the brand extension arm of American Idol co-producer FremantleMedia, will create an Idol-branded community within the Habbo virtual world, where teens cha..
12 January 2009
Financial Times
Martin Arnold, Private Equity Correspondent
Balderton Capital, the venture capital group that backed the Betfair gambling website and Setanta, the pay-TV broadcaster, will shrug off the gloom in financial markets on Monday by saying it has raised $430m (£282m) for technology and media investments.
Founded in 2000 as the London-based arm of Benchmark Capital, the Silicon Valley venture ..
12 January 2009
Press Release
Balderton Capital, Europe’s leading venture capital firm, today announces that it has raised US$430m in the first closing for its new fund. This is Balderton’s fourth fund, having raised US$550m in December 2006, US$375m in July 2004 and US$500m in May 2000.
Based in London, Balderton now manages approximately US$1.8bn in committed vent..
15 December 2008
Financial Times
Philip Stafford
A Bristol-based chipmaker has secured $70m (£47m) of further backing from some of the technology sector's biggest venture capital firms to spur its assault on consumers' desire for data on mobile devices. Icera yesterday concluded a seven-month pursuit of further funds to take it to expected profitability in a year's time by securing $60m of ..
“We’re not just a gaming company,” says Glenn Walcott. The chief financial officer of Seattle-based Big Fish Games is telling me about his company’s focus on new hires, and this comes as a bit of surprise. People tend to think of Big Fish as a game producer, but Walcott stresses that most of its engineers don’t work di..
25 November 2008
Venture Beat
The makers of Habbo Hotel, the wildly popular virtual world game aimed at teenagers, have quietly released a mobile version called Mini Friday that is seeing steady growth: It’s about to hit a million registered users.That’s a robust number, keeping in mind that the application requires downloading and registration, is restricted to use..
11 November 2008
Business Week
Online betting exchange Betfair has spun off a new venture called Tradefair which it hopes will allow it to cash in on the retail derivatives space—a market it estimates is worth at least £650m per year. Betfair, the peer-to-peer betting site launched in 2000, has around 200 million registered users, 500,000 of whom were active last yea..
10 November 2008
Reuters
By Brett Young
Finland's Sulake reported a six-month profit on Tuesday thanks to the strong performance of its Habbo Hotel Internet networking site, but said a stock market listing was not likely next year. "A listing is still a valid plan, but now we are concentrating on future growth ... and improving our profit and cash flow," Sulake Chief Financial Officer Ou..
09 November 2008
Sunday Business Post
Openet’s chief executive Niall Norton has two years to bring the software company to the top. With revenues of about €40 million this year, he is well on his way.
Niall Norton likes to think of his company, Openet, as ‘‘the plucky little schoolboy’’ standing up for itself against the big boys in the playground.
A ..
30 October 2008
The Telegraph
Lovefilm, the online DVD rental site, expects to grow its customer base by up to 70pc this year due to the growing 'stay at home' economy and its recent acquisition of the UK and German DVD rental businesses of Amazon, the US retailer. Simon Calver, Lovefilm's chief executive, said that the credit crisis is forcing people to stay in to save mo..
27 October 2008
Cnet News
Daylife, a news aggregation start-up that runs a pretty Web site but makes its money from licensing its software to clients, has launched a new product: Daylife Select.
It's a tool for Web sites and online publications to add aggregated news and multimedia content (like YouTube videos, Twitter feeds, and Flickr images) from Daylife without requirin..
19 October 2008
The Sunday Independent Ireland
With laser technology, Intune Networks has an Irish solution to a universal problem, writes Jane Suiter.EVER been annoyed at the crappy resolution on a YouTube video? Enraged that you couldn't see the ball when watching the Ryder Cup on the net? Or simply wanted to have a real high-definition chat with your colleagues around the world? Then an Iris..
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